Law Offices of Howard G. Smith announces an investigation on behalf of Tecnoglass Inc. (โTecnoglassโ or the โCompanyโ) (NASDAQ: TGLS) investors concerning the Companyโs possible violations of the federal securities laws.
On December 9, 2021, Hindenburg Research published a report in which it stated that Tecnoglass had been the subject of a months-long investigation that included review of US and Colombian court records, securities filings, corporate registrations, property records, export records and media reports going back decades. The report alleged that โserious red flagsโ had been identified regarding โmanagement and numerous undisclosed related party transactions that call the companyโs reported financial results into question.โ
On this news, Tecnoglass stock fell $12.14, or 36%, to close at $21.56 per share on December 9, 2021, thereby injuring investors.
If you purchased Tecnoglass securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20211214006333/en/
Contacts
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com
